ChainCatcher message, according to Coinbase's latest weekly report, Bitcoin's recent performance has lagged behind the U.S. stock market and other macro assets. Since the deleveraging in early August, Bitcoin has consistently underperformed compared to stock indices.Coinbase analysts David Duong and David Han noted: "From a risk-adjusted perspective, Bitcoin's price is currently 0.50 standard deviations below its three-month average, while the S&P 500 index is actually 1.41 standard deviations above its three-month average."The analysts believe that Bitcoin's recent price performance has been volatile, trading within a relatively narrow range, which aligns with concerns over the lack of new specific narratives to drive asset price performance. They stated: "Bitcoin's price has struggled to fully recover since early August. The lack of new narratives, combined with September traditionally being a tough month for cryptocurrencies, has kept traders on the sidelines."The main reasons for this situation include reduced ETF inflows, a supply glut specific to Bitcoin, and the rebound of the U.S. dollar index, which may weigh on cryptocurrency performance.The analysts also pointed out that Ethereum's performance continues to lag behind Bitcoin, with the ETH/BTC ratio reaching a new low for the year, which is related to outflows from spot Ethereum ETFs.

ChainCatcher message, the modular real yield layer Cygnus Finance publishes weekly report data on X.Specific data:7-day trading volume increased by 45.5%7-day active users reached 27,312Total number of holders reached 115,000Total number of transactions reached 134,000Total locked value reached 86.23 million USDAccording to RootData, Cygnus Finance is a modular real yield layer that combines non-EVM systems like TON with the EVM ecosystem as the ultimate goal of real yield. Its liquidity validation system for generating yield serves any system that requires its own distributed validation semantics for verification.